Home > Magazine Archives > Nov. 15, 2002 Issue > Auctions
Bidders Appear Unfazed by Trembling Economy as Hammers Fall at High Rate
U.S. outpaces Europe; classic Bordeaux and Burgundy remain in demand
The September auction season got off to a sizzling start with nearly 4,500 lots of fine and rare wine realizing more than $7 million at three separate sales in New York. Although the composition of the individual auctions differed substantially, they shared an average percent sold rate of 89 percent, sending out a strong signal about the health of the market.
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